The world trading system at risk / Jagdish Bhagwati.

Format:

Book

Author/Creator:

Bhagwati, Jagdish N., 1934- author.

Series:

Princeton Legacy Library

Princeton Legacy Library ; 1142

Language:

English

Subjects (All):

General Agreement on Tariffs and Trade (Organization).

Uruguay Round (1987-1994).

Uruguay Round.

International trade.

Physical Description:

1 online resource (306 p.)

Edition:

Course Book

Place of Publication:

Princeton, New Jersey : Princeton University Press, [1991]

Language Note:

In English.

Summary:

Jagdish Bhagwati, one of the world's leading economists, offers a fascinating overview of the perils and promise facing the world trading system. That system is now being subjected to powerful centrifugal forces. Concerns with unfair trade are rampant, managed trade is increasingly popular, and regionalism is spreading. The United States, the traditional bulwark of multilateralism, has recently resorted to aggressive, unilateral tactics in trade policy. To a consideration of these developments, Bhagwati brings a unique blend of economic theory, historical scholarship, and familiarity with the institutions of world trade. Bhagwati refutes facile but fashionable criticisms of the General Agreement on Tariffs and Trade (GATT). Warning of the dangers of flouting the GATT's provisions, he shows that its underlying conception of trading by rules will be undermined if we extend accusations of "unfair trade" practices to areas as diverse as retail distribution systems, infrastructure spending, saving rates, and workers' rights. He challenges the economic and cultural stereotypes of Japan that fuel the sentiments supporting managed trade and aggressive unilateralism. In addition, he provides novel suggestions for rebuilding the GATT and with it the world trading system itself--suggestions that should prove useful at the Uruguay Round and beyond.Originally published in 1991.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Contents:

Frontmatter

Contents

Preface

CHAPTER ONE. Overview

PART ONE. THE GATT ARCHITECTURE: THE THREAT

CHAPTER TWO. The Rise of Unfair Trade

CHAPTER THREE. The Issue of Managed Trade

CHAPTER FOUR. Aggressive Unilateralism

CHAPTER FIVE. Regionalism

PART TWO. RECONSTRUCTING THE GATT: THE PROMISE

CHAPTER SIX. The Uruguay Round and Beyond

APPENDIX I: Clarifying Conceptual Confusions and Refuting Fallacies

APPENDIX II: Changes in GATT Membership since 1982

APPENDIX III: Dispute Settlement Cases at the GATT, 1980-1988

APPENDIX IV: Explaining Section 301, Special 301, and Super 301 in U.S. Trade Legislation: The Instruments of Aggressive Unilateralism

APPENDIX V: The Negotiating Groups at the Uruguay Round

Notes

References

Notes:

Based on the author's Harry Johnson memorial lecture, delivered at the Royal Society of Arts in London on July 11, 1990.

Sequel to: Protectionism (1988).

Includes bibliographical references (pages 151-156).

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Description based on print version record.

ISBN:

9781400861590

1400861594

OCLC:

884013188